40, LAKE ROAD, VERWOOD, BH31 6BX - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

40 LAKE ROAD is a very small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £450,000 in January 2024, which was around 12% below the average January 2024 detached price in the Dorset local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

40 LAKE ROAD Sold Prices

Land registry data shows two sales for 40 LAKE ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. Both of the two 40 LAKE ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2024 29 JAN	£450,000	£508,655	12% below HPI
2022 30 SEP	£435,000	£535,653	19% below HPI

40 LAKE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two 40 LAKE ROAD sales from September 2022 and January 2024 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2022 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 40 LAKE ROAD?

40 LAKE ROAD is 76m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses in Verwood, based on EPC data. The below chart shows the distribution of detached houses by size in Verwood, and where 40 LAKE ROAD lies on this distribution: 8% of detached houses are smaller than 40 LAKE ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Verwood.

40 LAKE ROAD: Plot and Title Map

40 LAKE ROAD sits on a plot of roughly 0.186 of an acre, or 755m². The below map shows the location of 40 LAKE ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 LAKE ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 LAKE ROAD?

40 LAKE ROAD is located in VERWOOD, in the BH31 postcode district. The below map shows the position of No. 40 on LAKE ROAD.